波音中国管理层调整，业务复苏下仍有这些挑战

Group 1: Leadership Changes - Boeing China President Liu Qing has recently retired, with Carol Shen appointed as the acting Managing Director, a position that previously did not exist [1] - Liu Qing, who took over as Boeing China President in 2023, had a background in government relations and leadership roles at Ford and Chrysler [1] - During Liu Qing's tenure, Boeing faced regulatory crises and strikes that impacted aircraft production and delivery [1] Group 2: Financial Performance - Boeing reported a 35% year-on-year revenue increase to $22.75 billion in Q2 2025, driven by a significant rise in commercial aircraft deliveries [2] - Despite the revenue growth, Boeing still recorded a net loss of $612 million in Q2, although this was a substantial improvement from a net loss of $1.439 billion in the same period last year [2] Group 3: Delivery and Orders - In Q2, Boeing delivered 150 commercial aircraft, a significant increase from 93 aircraft delivered in the same quarter last year, marking the highest delivery volume for that period since 2018 [3] - Boeing's production of the 737 model has increased to 38 units per month, with plans to raise it to 42 units later this year; the production of the 787 model has also increased from 5 to 7 units per month [3] - The company secured 455 net aircraft orders in Q2, including large orders from Qatar Airways and British Airways [3] Group 4: Trade and Supply Chain Challenges - Ongoing US-China trade negotiations create uncertainty for Boeing's orders and deliveries, as China is its largest overseas market [4] - The introduction of a 125% tariff on US aircraft in April led to a temporary suspension of aircraft deliveries to Chinese airlines, which resumed in June [4] - Current negotiations have exempted certain aircraft and engine parts from tariffs, allowing Chinese airlines to import aircraft at previous tax rates [4] Group 5: Industry-Wide Supply Chain Issues - The pandemic caused significant reductions in aircraft deliveries, leading to layoffs of up to 50% among manufacturers and suppliers, complicating recovery efforts [5] - The global backlog of undelivered aircraft has exceeded 17,000 units, double the pre-pandemic average, indicating potential delivery delays of up to 14 years [6] - Boeing's backlog at the end of the first half of the year reached $619 billion, with over 5,900 commercial aircraft orders valued at $522 billion [6]